Bank of America reportedly reaches $17 billion RMBS settlement

KBRA: More smoke than fire in Ocwen’s restated earnings

Cautions that MSR transactions could see more regulatory scrutiny

Truth is, those recent housing numbers aren't so shiny

Housing starts? More like housing stops, amirite?
W S
The Ticker

Why homebuilder stocks are plunging suddenly

/ Print / Reprints /
| Share More
/ Text Size+

The decline in homebuilder stocks came a day after the Federal Reserve suggested it may reduce the bond buying that has pumped up equity markets for more than a year, writes Money Morning. Experts noted that homebuilder stocks are particularly sensitive to rising interest rates.

With rising rates, said Money Morning Chief Investment Strategist Keith Fitz-Gerald, "The homebuilders are going to have to do one of two things: They're either going to have to stop building because there's no demand or they're going have to lower their prices, which is going to hurt their profit margin."

Source: Money Morning
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus